Tiandi Technology reports Q3 profit plunge despite asset growth

Tiandi Technology Co., Ltd. reported a 59.57% decrease in net profit attributable to shareholders to 260.06 million yuan for the third quarter of 2025. Revenue also fell by 10.51% to 6.35 billion yuan compared to the same period last year. Profit attributable to shareholders, excluding non-recurring items, saw an even steeper decline of 65.45% to 212.58 million yuan for the quarter.

For the first nine months of 2025, the company's total revenue was 20.47 billion yuan, a 6.90% decrease from the previous year. However, total assets grew by 2.05% to 58.44 billion yuan as of September 30, 2025, from 57.26 billion yuan at the end of 2024. Net profit attributable to shareholders for the nine-month period increased by 7.55% to 2.34 billion yuan.

The company attributes some changes to the transfer of Qin'nan Energy's investment income, which boosted investment income and led to a significant 1,598.97% increase in investment income year-to-date. Factors like falling coal prices and tightened capital expenditure from major clients also negatively impacted the equipment manufacturing business's profitability.